Search Results for: Australia
ASIC targets mid-tier brokers on how they are managing conflicts of interest
June 2nd, 2016
The financial regulator is worried about how mid-tier research and broking firms are managing conflicts of interest. Australian Securities and Investments Commission chairman Greg Medcraft has told a large gathering of stockbrokers the regulator has concerns about how some research ...
Japanese Stocks Drop as Yen Advances; Oil Near $49 Before OPEC
June 2nd, 2016
Euro climbs to one-week high before ECB policy review Haven assets including gold and U.S. Treasuries rise Japanese stocks fell by the most in a month and the yen strengthened after Prime Minister Shinzo Abe held back a widely ...
Dollar sits below two-month high; Aussie buoyed by solid GDP
June 1st, 2016
The dollar fell against the yen on Wednesday, pulling away from a one-month peak set earlier in the week, with its drop gaining momentum after breaching technical support levels. The dollar shed 0.7 percent to 109.95 yen, weakening from ...
ASIC cancels the AFS licence of TMK Index Limited
June 1st, 2016
ASIC has cancelled the Australian financial services (AFS) licence of TMK Index Limited (AFS Licence No 314823) for failing to comply with a number of key obligations, including requirements around the lodgment of accounts, breach notifications, meeting Net Tangible ...
Asia Stocks Fall With Oil, Copper as Yuan Weakens; Aussie Jumps
June 1st, 2016
Crude oil sinks below $49 before OPEC meets Thursday Korean bonds rally as export slump weighs on the won Asian stocks retreated with commodities and the yuan weakened as Chinese manufacturing data pointed to lackluster growth in the world’s ...
Dollar supported by U.S. rate view, Aussie jumps
May 31st, 2016
The dollar hovered near its highest level in two months against a basket of currencies on Tuesday on growing expectations of an imminent U.S. interest rate hike, while the Australian dollar jumped on surprising strong local economic data. The ...
ASIC releases its third licensing activity report
May 31st, 2016
ASIC today published its third report on its approach to licence applications. Report 478 Overview of licensing and professional registration applications: July to December 2015 (REP 478) sets out recent regulatory outcomes achieved by ASIC in relation to Australian financial services (AFS) ...
Asian stocks mostly higher; Chinese markets jump more than 2%
May 31st, 2016
Asian markets were mostly higher on Tuesday, with Chinese mainland markets up more than 2 percent and Japan shares rising after better-than-expected economic data. Chinese mainland markets soared on Tuesday, with the Shanghai Composite up 2.9 percent and the Shenzhen composite up 3.433 ...
EY selling $16m worth of bitcoin
May 30th, 2016
Professional services firm Ernst and Young says it will sell $16 million worth of bitcoin, in what it describes as an Australian-first. EY said it has been engaged to assist in an international auction of 24,518 bitcoin by an ...
Gold Sinks as Dollar Gets Boost From Yellen; Japan’s Stocks Rise
May 30th, 2016
Yen drops to one-month low as Abe aide signals tax-hike delay Yuan retreats as PBOC sets weakest fixing in five years Gold fell for the ninth day in a row, its longest losing streak in a year, and the ...
